The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-17
CONDITION OF THE MARKETS
A Very Decided Advance in Wheat
Proves a Leading Feature of the Day,
And the Influence of the Rise Permeates All
Other Commodities, Corn and Provisions
Receiving Full Share of the Bulge
MONEY, BONDS AND STOCKS.

The New York Market Continues Very Active,
with a Steady Advance in Prices.
NEW YORK, Nov. 16.-Money on call was
easy at 81 TO per cent, the last loan being made
at 4 per cent, closing offered at 3 per cent
Prime mercantile paper, Gas per cent.
Sterling exchange was dull but steady at
s4s1a for six days bills and 81 So for de mand.
The total sales of stocks to-day were $50. 151
shares. intending the following Canada South
srn. Il $50; Delaware. Lacka 81 Western,
81, DO Erie, sc. 315; Kansas and Texas. g. no;
lake Shore, II O60; Louisville & Nashville. Il. 965;
Missouri Pacific, 20. $780, Northwestern. G, 156;
NewJessey Central. $780, Northern Pacific pre-
serred. 5,ge0; Oregon g. Transcontinental, sos;
Pacific Mail. 5235; Reading, 9o.40o; St Paul.
63. 500; ST. Paul 6 Omaha, 3, 500; Texas Pacific,
1855: Union Pacific, 1861; Western Union,
70I47 Wheeling & Lake Erie. $50
The stock market more active to-day
than for months past, and the same steady but
slow advance in prices marked the dealings,
still further material gains being the result of
the days trading While there was no news OF
character 70 affect values there was more de-
cided evidences given of the reaction in public
opinion and the announcement that Western
Union WAS to be granted quotation on the
London Stock exchange, though it was after
wards denied. had stimulating effect on that
conviction of the largest bueketshoD keeper IN
the city also gave impetus to the general
good feeling inside the board, and SO helped the
Improvement Everything shared III the ad-
vance. and the business done was mora
equally divided than usual of late,
and the gains stocks more ,sacb unif0rn higher
figures than at any time during the present rise,
the buying being general, and the market
broadened pereepubiy. The temper OF the room
bullish throughout. and the commission
people were more liberal buyers. the selling be-
ing by the professionals aud the Chicago party
principally, though there was some realizing. as
usual Western Union and St. Paul were the
leaders in the forenoon, and the latter was very
prominent late in the day. The Vanderbilts
again came to the front, and the rumors Of IN
creased dividends were influential in advancing
their prices. The coal roads were also active,
aud the bitunlnous companies. while not so
strong yesterday, were quite prominent In the
against the list late in the day, but with little
effect The opening was strong at advances OF
from to ! per cent, and the advance WAS con-
tinued, though the progress was SLOW as usual or
late. Western Union the special feature
on account of it's extraordinary activity, and
Wheeling g Lake Erie was very strong. Cana
da Southern came to the front toward noon. tn
advance meeting with check whatever. A
partial reaction occurred in the afternoon, but
the impression made on the list was of little mo-
ment. and though the final prices were q frac-
tion off fram the best, the close firm at or
the highest figures OF the day. A few
stocks are lower, but they are of little impor-
BaEce. ana western Union rOso IBY Rc0oiuE anu
ST Paul, u; Canada Southern, L; Norfolk Sc
Western preferred, Ii; Omaha and New Eng
land, II; Pacific Mail, II; Northwestern, Lack
awanns, Lake Shore, Louisville &c Nashville
and Missouri Pacific. L per cent each
y Railroad bonds were also active aud strong;
sales 81. COS, 900. the Atlantic g Pacific in
SIf1 0Oo respectively Final prices almost
Invariably higher Louisville 6c Nashville fves
rose e. TO LOG; Pensacola s. Atlantic irsts, 4. to
81; Minneapolis & ST. Louis seconds, Il. to 1871;
T.,
Green Bay incomes 2, TO 81; Indiana Bloom
incton g. Western income receipts, q to 2344.
Government bonds were dull aud steady.
State bonds were entirely neglected Closing
quotations were: